Morgan Stanley: Inflation has not heated up but remains above target, making it difficult to support rate cuts

ChainCatcher news, according to Golden Ten Data, Morgan Stanley Wealth Management Chief Economic Strategist Ellen Zentner commented on US inflation, stating that inflation has not re-accelerated, but remains above the target level. The cost transmission brought by tariffs is limited, and housing affordability has not improved. Today's inflation report is not sufficient to support the Federal Reserve's decision to cut interest rates later this month.